The currency pair British Pound to Japanese Yen GBP/JPY is trading at 137.10. At the moment, there is a potential for continuing the growth of quotations of the pair Pound Yen in the area above the level of 140. In favor of growth is the completion of the formation of the bull model of the Wolf wave.
Technical analysis and forecast GBP/JPY on April 12, 2017
An additional signal will be a breakdown of the downward trend line on the relative strength indicator, indicating that the GBP/JPY growth continues above the area of 138.50. The abolition of the growth option for the pair will be the fall and breakdown of the area of 136.50, which indicates the continuation of the decline in the area below the level of 135 and the abolition of the bullish wave model of Wolf.
Technical analysis and forecast GBP/JPY on April 12, 2017 presupposes an attempt to continue the growth as part of the development of the upward Wolf wave model with a target above area 140, the breakdown of the breakdown of the area of 136.50.
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